154
154
Dec 28, 2012
12/12
by
CNBC
tv
eye 154
favorite 0
quote 0
>> don't tax me. tax the guy behind the tree. that's what we're faced with. everybody wants to pay lower taxes and get more services if you're in defense, you say, we need the money. if you're in agriculture, you see we need subsidized crop insurance. where does it end? in montana, we've had eight years of -- they're not willing to do that in washington, d.c. they just kick the can down the road. >> what does it mean in terms of federal aid or reduction in federal aid if we go over the fiscal cliff and even if we don't go over the cliff, and they come up with a bandaid, you risk losing more federal aid down the road, don't you? >> no question about you. we're a rural state. montana is the size of pefl r. -- pennsylvania, new york. there are federal dollars that pay for maintaining those highways. you can't have a million people pay for all those highways because it connects the entire country. you have forest service, 30% of the land is owned by the federal government. so there's a lot of federal dollars that come to montana. that's part of the system. >> wha
>> don't tax me. tax the guy behind the tree. that's what we're faced with. everybody wants to pay lower taxes and get more services if you're in defense, you say, we need the money. if you're in agriculture, you see we need subsidized crop insurance. where does it end? in montana, we've had eight years of -- they're not willing to do that in washington, d.c. they just kick the can down the road. >> what does it mean in terms of federal aid or reduction in federal aid if we go over...
101
101
Dec 28, 2012
12/12
by
MSNBCW
tv
eye 101
favorite 0
quote 0
just for argument sake if we only look at the tax issue, if we give the president all of the tax rate increases he wants, we are still looking at trillion dollar deficits every year. and the reality is that the house has already sent would measures on to the senate. one addressed the continuing bush era tax rates and the other that would erase the military spending. those are in the hands of the senate. they can act on those right now. we can put this thing to rest. we will wait and see what happens in this meeting and hopefully we will come to some kind of agreement to avoid this cliff. >> what do you think the best thing to come out of this meeting? >> i think that speaker boehner and the president walk out and be able to announce they have a team in next three days that will have an outline in which -- alice just mentioned the details will be hammered out in the first would weeks in january. we have that amount of time to stop the fiscal cliff. if we go over the fiscal cliff $700 billion of spending will be taken out of our economy. we have to change the scale of that fiscal cliff
just for argument sake if we only look at the tax issue, if we give the president all of the tax rate increases he wants, we are still looking at trillion dollar deficits every year. and the reality is that the house has already sent would measures on to the senate. one addressed the continuing bush era tax rates and the other that would erase the military spending. those are in the hands of the senate. they can act on those right now. we can put this thing to rest. we will wait and see what...
174
174
Dec 28, 2012
12/12
by
FOXNEWSW
tv
eye 174
favorite 0
quote 0
but i do know that the tax rates are going to expire. one of my favorite analogies and everyone said it's like 100 people are drowning and you are going to save 98 of them by only protecting them from a tax increase, 98%. and and my question is they are all drowning, right? which means raising taxes is a bad thing for everyone. why would we not save two? we would drowning be our policy? who would be in favor of a policy of drowning, raising taxes? sounds like it's a bad thing for everyone, why are they so in sis ten we raise tacks on someone? >> do you get the idea there's a discussion going on in the senate. i turn on the tv and different senators are taking to the floor and he they are speaking 209 other senators that might be there or the american people but what about in the halls of the u.s. senate? are people talk and negotiating, trying to work on solutions? >> the way it's been set up is for a few people in leadership, and i always joke i have to ask people in the media what's going on with the fiscal cliff thing because we don't
but i do know that the tax rates are going to expire. one of my favorite analogies and everyone said it's like 100 people are drowning and you are going to save 98 of them by only protecting them from a tax increase, 98%. and and my question is they are all drowning, right? which means raising taxes is a bad thing for everyone. why would we not save two? we would drowning be our policy? who would be in favor of a policy of drowning, raising taxes? sounds like it's a bad thing for everyone, why...
110
110
Dec 28, 2012
12/12
by
WTTG
tv
eye 110
favorite 0
quote 0
steep cuts and tax hikes impacting from everything from your paycheck to the defense budget could take effect. >>> norman schwarzkopf has died. the retired general died from complications of pneumonia. he was best nope for leading international forces in iraq in 19916789 he was 78. >>> former president george h. w. bush remains in intensive care at a texas hospital this morning. his chief of staff says bush is getting excellent medical care but expects nobody the hospital for a while. he is battling bronchitis and other complications from it. the 88-year-old was admitted to the hospital more than a month ago. >>> three people were killed when a tractor-trailer that was stopped in traffic was rear ended by a pickup. all of the victims were in the pickup. this happened about 7:00 last night and traffic was still moving slowly in the area late last night. in other news, hundreds of teachers in utah taking a gun training course in the wake of shooting tragedy in newtown, connecticut. >> the idea of arming teachers is he lifting both support and op indication. we have a report. >> reporter:
steep cuts and tax hikes impacting from everything from your paycheck to the defense budget could take effect. >>> norman schwarzkopf has died. the retired general died from complications of pneumonia. he was best nope for leading international forces in iraq in 19916789 he was 78. >>> former president george h. w. bush remains in intensive care at a texas hospital this morning. his chief of staff says bush is getting excellent medical care but expects nobody the hospital for...
290
290
Dec 28, 2012
12/12
by
FOXNEWSW
tv
eye 290
favorite 0
quote 1
tax on bottle water. one of the highest sales tax in the united states. increase in cigarette tax fell short of projected revenue because the tobacco store owners hoarded up the tax stamp before the increase went in effect. in chicago, mike tobin, fox news. >> doug: thank you, mike. how does one unapologize? that is later in grapevine. up next, look at politics behind russia move to ban american adoptions of russian orphans. . now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. smoke? nah, i'm good. ♪ [ male announcer ] every time you say no to a cigarette, you celebrate a little win. nicoderm cq, the patch with time release smart control technology that acts fast and helps control cravings all day long. ♪ quit one day at a time with nicoderm cq. >> doug: checking international news now. iran kicked off
tax on bottle water. one of the highest sales tax in the united states. increase in cigarette tax fell short of projected revenue because the tobacco store owners hoarded up the tax stamp before the increase went in effect. in chicago, mike tobin, fox news. >> doug: thank you, mike. how does one unapologize? that is later in grapevine. up next, look at politics behind russia move to ban american adoptions of russian orphans. . now, here's one that will make you feel alive. meet the...
233
233
Dec 28, 2012
12/12
by
CNBC
tv
eye 233
favorite 0
quote 0
. >> it's been all about taxes. >> all about raising taxes. >> there's this obsession with raising taxes. >> it was to go after school lunches and elderly care, health care for poor kids and increased spending. >> no, no, no, they want entitlement reform, joy ann. why this obsession with cutting old people's medicare? >> it's not an obsession about cutting benefits to the elderly, joy ann. it's about reforming medicare over time so at some point in the future we don't tell an 80-year-old you know what? you're not going get the medicare cha you thought you would have. this is about not hurting the elderly. >> the republican solution is to hand 80-year-olds a voucher and saying good luck, go into the markets and see what you can get. >> 80-year-olds are not any part of it. they're 20, 30 years from now. the president's idea of spending cuts had to do with $700 billion worth of medicare cuts in the past two years ago. >> and paul ryan endorsed it. >> paul ryan endorsed it and that was in ryan's plan. thanks, guys. >> there was another surprise coming out of washington today. the unexpected
. >> it's been all about taxes. >> all about raising taxes. >> there's this obsession with raising taxes. >> it was to go after school lunches and elderly care, health care for poor kids and increased spending. >> no, no, no, they want entitlement reform, joy ann. why this obsession with cutting old people's medicare? >> it's not an obsession about cutting benefits to the elderly, joy ann. it's about reforming medicare over time so at some point in the future...
61
61
Dec 28, 2012
12/12
by
CNBC
tv
eye 61
favorite 0
quote 0
care tax. the occupy movement will not return with the same strength but talk of fat cats and pluto krats in the media will reduce conspicuous consumption. the rich will put less in u.s. stocks and more towards hard assets. real estate and high end collectibles. it will be funded by the overseas rich with some homes selling for more than $100 million. luxury spending will remain weak largely because of weakness in china. bright spots will be high end luxury like lbmh and experiences like travel and entertainment. wealth will become quieter. call it stealth wealth. the big spending and big luxuries will be behind closed doors and kitchens like this could become the new status symbol. >>> now that robert has given us his pricey predictions, we would like to provide you with what we think are some promising predictions for 2013. >> all right. we're laying them out. let's take a look at what we've got, all right? to kick start the predictions, mandy. i've got a hunch that the dow will hit a record
care tax. the occupy movement will not return with the same strength but talk of fat cats and pluto krats in the media will reduce conspicuous consumption. the rich will put less in u.s. stocks and more towards hard assets. real estate and high end collectibles. it will be funded by the overseas rich with some homes selling for more than $100 million. luxury spending will remain weak largely because of weakness in china. bright spots will be high end luxury like lbmh and experiences like travel...
258
258
Dec 28, 2012
12/12
by
KQED
tv
eye 258
favorite 0
quote 0
it included keeping the bush era tax break force the middle class but raising tax rates on incomes over 250,000 dollars a year. president also wants to extend unemployment benefits for some 2 million americans who will lose them in the new year. and a proposal would delay any spending cuts. the president asked for an up or down vote on his plan unless there is a counter proposal that will pass both the house and senate. a little more than an hour after the meeting began, several participants were seen leaving. >> and back at the capital the senate's democratic majority leader harry reid and republican minority leader mitch mcconnell offered their takes on the meeting. >> we had a good meeting down at the white house. we are engaged in discussions, the majority leader, myself and the white house, in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. and so we'll be working hard to try to see if we can get there in the next 24 hours. and so i'm hopeful and optimistic. >> whate
it included keeping the bush era tax break force the middle class but raising tax rates on incomes over 250,000 dollars a year. president also wants to extend unemployment benefits for some 2 million americans who will lose them in the new year. and a proposal would delay any spending cuts. the president asked for an up or down vote on his plan unless there is a counter proposal that will pass both the house and senate. a little more than an hour after the meeting began, several participants...
205
205
Dec 28, 2012
12/12
by
CNNW
tv
eye 205
favorite 0
quote 0
>> no, it doesn't raise taxes. those tax increases will go into effect. there's no bill before the congress that raises taxes. there are many bills that are trying to stop those taxes in various forms. and let me be clear. i think the president's plan is an absolute disaster. a lot of those wealthy folks earning over $200,000 aren't even folks. they're small businesses, filing under sub-chapter "s," some 84% of net business income is affected by this tax increase. that's the income they use to create and expand two-thirds of the jobs in our economy. that is an absolutely insane economic policy, but that's at the core of what the president is trying to do. the cbo is warning us, $200,000 jobs will be destroyed by this policy. but if we can't stop it, the best we can do is offer every warning we can, and then try and save as many other taxpayers as possible. >> do you think the white house should add a little sweetener to the deal for some conservatives? for example, stalling the sequestration cuts and extending the current estate tax rates? >> oh, i don't
>> no, it doesn't raise taxes. those tax increases will go into effect. there's no bill before the congress that raises taxes. there are many bills that are trying to stop those taxes in various forms. and let me be clear. i think the president's plan is an absolute disaster. a lot of those wealthy folks earning over $200,000 aren't even folks. they're small businesses, filing under sub-chapter "s," some 84% of net business income is affected by this tax increase. that's the...
128
128
Dec 28, 2012
12/12
by
CNBC
tv
eye 128
favorite 0
quote 0
the whole conversation has been about tax hikes. i mean, you can't -- you're talking about how many tax hikes and who is going to be involved, but we really need to address the spending issue. >> dan greenhouse, do you agree? >> more or less. i'll take issue with what mandy just said about cutting austerity. we know there's going to be a fiscal contraction next year. nothing in what these guys agree upon will add to the level of austerity. the types of things that we're talking about, adjusting the cpi used to compute social security benefits down the road, those types of things are not real austerity, and so we really shouldn't be worried about that in terms of 2013. >> so you see growth, dan? you see the stock market moving up? you see a year that will still be positive for us in all of those respects, even if we do have, for example, massive spending cuts and tax hikes, that's what you're seeing? >> i take issue with the word massive, and i'm sure rick will as well. we think next year will be okay in of everything, but, again, to
the whole conversation has been about tax hikes. i mean, you can't -- you're talking about how many tax hikes and who is going to be involved, but we really need to address the spending issue. >> dan greenhouse, do you agree? >> more or less. i'll take issue with what mandy just said about cutting austerity. we know there's going to be a fiscal contraction next year. nothing in what these guys agree upon will add to the level of austerity. the types of things that we're talking...
129
129
Dec 28, 2012
12/12
by
WJZ
tv
eye 129
favorite 0
quote 0
it included keeping the bush era tax break force the middle class but raising tax rates on incomes over 250,000 dollars a year. president also wants to extend unemployment benefits for some 2 million americans who will lose them in the new year. and a proposal would delay any spending cuts. the president asked for an up or down vote on his plan unless there is a counter proposal that will pass both the house and senate. a little more than an hour after the meeting began several participants were seen leaving. >> and back at the capital the senate's democratic majority leader harry reid and republican minority leader mitch mcconnell offered their takes on the meeting. >> we had a good meeting down at the white house. we are engaged in discussions, the majority leader myself and the white house, in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. and so we'll be working hard to try to see if we can get there in the next 24 hours. and so i'm hopeful and optimistic. >> whateve
it included keeping the bush era tax break force the middle class but raising tax rates on incomes over 250,000 dollars a year. president also wants to extend unemployment benefits for some 2 million americans who will lose them in the new year. and a proposal would delay any spending cuts. the president asked for an up or down vote on his plan unless there is a counter proposal that will pass both the house and senate. a little more than an hour after the meeting began several participants...
235
235
Dec 28, 2012
12/12
by
FOXNEWSW
tv
eye 235
favorite 0
quote 0
tax code and if they bring it back they're getting whacked with tax code. we need friendly tax environment for corporations to spend the $1.2 trillion they're sitting on. gregg: if we go over the cliff that is not tax friendly. matt mccall, president of pns financial group. good to see you, matt. heather: we're seeing a bright spot in the u.s. economy. qord according to national association of realtors sales of new home were highest since april of 2010. a homebuyer tax credit caused then a spike in sales. it measures the number of americans who signed contracts to buy homes. the report also points to higher sales of previously occupied homes in the coming months. gregg: former president george h.w. bush remains in a houston hospital where he continues to recover from a persistent fever and a cough. a family spokesman just giving us some, a new details, an update on his condition. mike tobin is live outside methodist hospital with the latest. mike? >> reporter: the latest, gregg, the latest release we got included the phrase, continues to improve in relation
tax code and if they bring it back they're getting whacked with tax code. we need friendly tax environment for corporations to spend the $1.2 trillion they're sitting on. gregg: if we go over the cliff that is not tax friendly. matt mccall, president of pns financial group. good to see you, matt. heather: we're seeing a bright spot in the u.s. economy. qord according to national association of realtors sales of new home were highest since april of 2010. a homebuyer tax credit caused then a...
389
389
Dec 28, 2012
12/12
by
WUSA
tv
eye 389
favorite 0
quote 0
it's true for the president as well because he knows he will get to tax the higher earnings. i tlifrmg is something for both sides here. it think it is worse for republicans in the longer term if we don't havinge a deal, but don't think it's great for anybody, i just don't. >> it's the ill lesion of mark ts. >> we're going to open a market next week that's in turmoil, right? we're not going to look at the balance sheet and say it's worse for boehner. >> and not just in the united states but the world is watching this. >> that's right. there are serious, sear lus implications. >> thanks, maggy haverman. >>> this morning he's being called a general. the commander of operation desert storm died thursday of complications of pneumonia. as bob yore reported general schwarzkopf was one of the most decorated leaders. >> reporter: he delivered fiery briefings during the 1991 persian gulf war. >> is simple fact of the matter is that now every time an iraqi airplane takes off the ground it's running away. >> reporter: the american-led coalition to remove saddam hussein's forces from kuw
it's true for the president as well because he knows he will get to tax the higher earnings. i tlifrmg is something for both sides here. it think it is worse for republicans in the longer term if we don't havinge a deal, but don't think it's great for anybody, i just don't. >> it's the ill lesion of mark ts. >> we're going to open a market next week that's in turmoil, right? we're not going to look at the balance sheet and say it's worse for boehner. >> and not just in the...
254
254
Dec 28, 2012
12/12
by
FOXNEWSW
tv
eye 254
favorite 0
quote 0
would pay more in payroll taxes. families making between 40 and $65,000 a year would pay an extra two grand or so to the government. gregg: the big question, do lawmakers hope to get anything out of the last minute fiscal cliff talks or is it just for show? democratic congressman chris van hollen is the ranking member of the house budget committee. he will be joining us live coming up in the next hour what he really thinks is going on. patti ann: well the u.s. economy meanwhile could suffer yet another major blow. looming strikes at ports from next sass to boston are threatening to put thousands of americans out of work. with potential losses for u.s. businesses ranging in the billions. >> the port of baltimore is one of maryland's largest economic generators. any type of work action that may result in a suspension or stoppage of work would have an adverse effect. >> we handle more cars, we handle more farm and construction equipment than any other u.s. port. patti ann: we're learning that adverse effect could take a
would pay more in payroll taxes. families making between 40 and $65,000 a year would pay an extra two grand or so to the government. gregg: the big question, do lawmakers hope to get anything out of the last minute fiscal cliff talks or is it just for show? democratic congressman chris van hollen is the ranking member of the house budget committee. he will be joining us live coming up in the next hour what he really thinks is going on. patti ann: well the u.s. economy meanwhile could suffer yet...
354
354
Dec 28, 2012
12/12
by
FOXNEWSW
tv
eye 354
favorite 0
quote 0
a lot of finger pointing and no answers as i said and just days remaining until tax increases and spending cuts all kick in and we all feel the pain. mike emanuel live with the news for us tonight on capitol hill. top democrats seem to be suggesting they cannot cut a deal without republican help. >> well, harris, that is right. and so they are asking what it will take to at least get some republican support. they say time is so critical. they cannot just roll out new legislation only to have the republicans reject it. we know president obama called the top four congressional leaders last night on his way back from hawaii. tomorrow afternoon at the white house will be a meeting between the president and those top four congressional leaders and earlier the top senate democrat expressed concern or frustration saying you cannot legislate with yourself. >> the republicans in the house have left town. the negotiations between the president and the speaker have fallen apart as they have for the last three and a half years. we have tried mightily to get something done. >> now, perhaps in an effort
a lot of finger pointing and no answers as i said and just days remaining until tax increases and spending cuts all kick in and we all feel the pain. mike emanuel live with the news for us tonight on capitol hill. top democrats seem to be suggesting they cannot cut a deal without republican help. >> well, harris, that is right. and so they are asking what it will take to at least get some republican support. they say time is so critical. they cannot just roll out new legislation only to...
111
111
Dec 28, 2012
12/12
by
CSPAN
tv
eye 111
favorite 0
quote 0
tax revenue for the government. i want to urge congress and senators to vote for keeping our tax cuts in place, especially for the middle class and pushing our fiscal crisis to a balanced approach. go ahead and eliminate those tax cuts for the wealthiest individuals. if we all look at it and tried to consider what was going to work for the best, we needed to look at consumer demand. consumer demand is in the 98% of us who are out there driving the economy. the economy require strong consumer sentiment and strong business. i am urging congress to take action. stop playing games. let's move on. thank you. [applause] >> thank you so much, bob. it's a wonderful to have a sensible message from a a small business who really knows what makes our country work. now, i am honored to introduce to you stu and theresa. the mother of three in maryland and will talk to us about the reality she experiences both house and mother but also working within the community college system. sue. >> thank you for coming. i live nearby in mary
tax revenue for the government. i want to urge congress and senators to vote for keeping our tax cuts in place, especially for the middle class and pushing our fiscal crisis to a balanced approach. go ahead and eliminate those tax cuts for the wealthiest individuals. if we all look at it and tried to consider what was going to work for the best, we needed to look at consumer demand. consumer demand is in the 98% of us who are out there driving the economy. the economy require strong consumer...
169
169
Dec 28, 2012
12/12
by
MSNBCW
tv
eye 169
favorite 0
quote 0
taxes are an issue there. i think the election of francois alaund and his rate on the top end as well as some of the other things he's doing in france, lowering the retirement age, this is sort of a litmus test in some ways and it's important. maybe richard can tell me i need to learn more about the british tax code. icons on the edge. a number of names you know at home, jcpenney, best buy stock has been hammered, the maker of the blackberry, once iconic, now struggling. >> they're gone. >> they're not gone. >> last one. congratulations. >> they're struggling, and i think it's the end of an era for some companies. the $25 billion bank settlement, a huge deal. some people said it was not enough. whatever your thoughts are, it was a big story. facebook, you remember them? they have come back in the last six weeks. everyone thought this was an ipo that was going to soar. >> who manages that company? >> mark zuckerberg. that guy right there. >> poorly, i would submit. >> he built it, so who are we to judge, right?
taxes are an issue there. i think the election of francois alaund and his rate on the top end as well as some of the other things he's doing in france, lowering the retirement age, this is sort of a litmus test in some ways and it's important. maybe richard can tell me i need to learn more about the british tax code. icons on the edge. a number of names you know at home, jcpenney, best buy stock has been hammered, the maker of the blackberry, once iconic, now struggling. >> they're gone....
131
131
Dec 28, 2012
12/12
by
KGO
tv
eye 131
favorite 0
quote 0
> some republicans are pushing boehner to avoid the white house for blaming them for a crash on the taxes on the rich. >> the white house is ready for christmas. the first lady gave a tour of the presidential decorations and that is not it. >> how do you know? maybe they have been growing something in the garden. >>> the white house released their holiday card. it is a realistic painting. it's the obama family dog in front of the white house. the painting was done in black and white. it's based on a color photo. that's the original photo. it was a little too colorful for me. a very colorful. i think beau might be getting to the obama supply of centrum. speaking of the holiday spirit this is nice. this happened in thanksgiving. a station in kentucky was doing a live report from a shelter that does an annual thanksgiving dinner. keep an eye on what goes on in the background in tonight's edition of "behind the news. >> what are you thankful this thanksgiving? >> this thanksgiving i'm thankful i see all these men and women in this hotel who come in and have a good thanksgiving and share it wi
> some republicans are pushing boehner to avoid the white house for blaming them for a crash on the taxes on the rich. >> the white house is ready for christmas. the first lady gave a tour of the presidential decorations and that is not it. >> how do you know? maybe they have been growing something in the garden. >>> the white house released their holiday card. it is a realistic painting. it's the obama family dog in front of the white house. the painting was done in...
279
279
Dec 28, 2012
12/12
by
CNBC
tv
eye 279
favorite 0
quote 1
there's brand-new 3.9% medicare tax on high wage earners and a tax for wealthy donations. primarily between house republicans and the obama white house in the senate. but a survey done by northern trust of high net worth individuals' priorities found 44% saying their top priority for the country is economic growth and reducing unemployment versus 19% for reducing the federal budget deficit. another 15% said they wanted to see an end to gridlock. good luck. now, as far as their own wealth preservation strategies. that same survey found high net worth persons, those with $5 million or more in assets, obviously much more proactive in anticipating the tax consequences of going over the cliff than those with $1 million or less in assets. simon? >> okay, hampton, busy days. hampton pearson there in washington. straight ahead, a looming port strike that could cost the u.s. economy billions of dollars. the mayor of houston will join us live to tell us how this strike will affect her cities and cities right along the east coast. "squawk on the street" will be right back. off vietna
there's brand-new 3.9% medicare tax on high wage earners and a tax for wealthy donations. primarily between house republicans and the obama white house in the senate. but a survey done by northern trust of high net worth individuals' priorities found 44% saying their top priority for the country is economic growth and reducing unemployment versus 19% for reducing the federal budget deficit. another 15% said they wanted to see an end to gridlock. good luck. now, as far as their own wealth...
207
207
Dec 28, 2012
12/12
by
FOXNEWSW
tv
eye 207
favorite 0
quote 0
a new tax coming out. the tax will be put on devices that range from mri's to prosthetics and items in every doctor's office and veterinary offices. it will be passed alongg to consumers and manufacturers say it will result in job loss and stifle innovation and upon send jobs over seas. we went to one manufacturer. adm electronics that employs 19 people to ask them what it means for their industry. >> your company is about to be hit with a 2.3 percent tax on medical devices. >> it means more. it is on gross sales and that can hurt the number of people working for us and number of sales and increase the costs of our device. >> this is a family run business and been in business 40 years. how does it plea out for your company? >> we tried not to lose our employees because we are like family and the devastating impact we may not be able to sustain the number of employees. >> we might have to lay someone off which i have never done before. it is it a tough thing to have to tell somebody. you have no job. >> and
a new tax coming out. the tax will be put on devices that range from mri's to prosthetics and items in every doctor's office and veterinary offices. it will be passed alongg to consumers and manufacturers say it will result in job loss and stifle innovation and upon send jobs over seas. we went to one manufacturer. adm electronics that employs 19 people to ask them what it means for their industry. >> your company is about to be hit with a 2.3 percent tax on medical devices. >> it...
478
478
Dec 28, 2012
12/12
by
KPIX
tv
eye 478
favorite 0
quote 0
he will be able to get the taxes on higher earners, tax increases that he's expecting to get. i think there's something for both sides here. i think it is worse for republicans in the longer term if we don't have a deal but i don't think this is going to look great for anybody short term. >> it's the illusion of progress. >> it's the illusion of progress, but you know look if we don't have a deal we are opening markets that are going to be in a bit of turmoil next week. that is what voters are going to see. they're not going to look at a balance sheet and say this is actually worse for boehner's caucus than it is for the president. >> not just here in the united states but the world is watching as we do all this. >> that's right, there are serious, serious global implications in terms of the recovery for the u.s. economy, this is obviously going to have a bad effect. >> thanks, maggie haberman. >> thank you. >> an interesting weekend we'll be watching. thanks very much. >>> this morning the white house is calling general norman schwarzkopf an american original. general colin p
he will be able to get the taxes on higher earners, tax increases that he's expecting to get. i think there's something for both sides here. i think it is worse for republicans in the longer term if we don't have a deal but i don't think this is going to look great for anybody short term. >> it's the illusion of progress. >> it's the illusion of progress, but you know look if we don't have a deal we are opening markets that are going to be in a bit of turmoil next week. that is what...
213
213
Dec 28, 2012
12/12
by
KGO
tv
eye 213
favorite 0
quote 0
with incomes of $174,000, they'll pay some $7,500 more in taxes. and it's not just taxes. on january 1, unemployment benefits expire for some 2 million people. you can expect one last effort, including a meeting at the white house with congressional leaders to try to prevent the fiscal cliff from happening. but with just four days left until everybody's taxes go up, there's not a lot of optimism that it can be done in time. jonathan karl, abc news, new york. >>> tributes are pouring in for retired general norman schwarzkopf. the general, nicknamed stormin' norman, died yesterday in tampa from pneumonia. schwarzkopf commanded operation desert storm, the coalition of some 30 countries that drove iraqi forces from kuwait back in 1991. in retirement, he supported charitable causes and resisting calls to run for public office. norman schwarzkopf was 78. >>> for the second time this month, a man has been pushed to his death in the path of a new york subway train. last night, eyewitnesss say a mumbling woman shoved a man onto the tracks just as the train was pulling into an eleva
with incomes of $174,000, they'll pay some $7,500 more in taxes. and it's not just taxes. on january 1, unemployment benefits expire for some 2 million people. you can expect one last effort, including a meeting at the white house with congressional leaders to try to prevent the fiscal cliff from happening. but with just four days left until everybody's taxes go up, there's not a lot of optimism that it can be done in time. jonathan karl, abc news, new york. >>> tributes are pouring in...